PTM Wealth Management LLC Acquires 1,324 Shares of Amazon.com, Inc. $AMZN

Key Points

• PTM Wealth Management LLC increased its stake in Amazon.com, Inc. by 51.5%, acquiring an additional 1,324 shares during the second quarter, which now represents 0.6% of its total holdings.
• Insider trading activity revealed that VP Shelley Reynolds sold 2,715 shares and CEO Andrew R. Jassy sold 19,872 shares on August 21, indicating a trend of selling among corporate insiders.
• Amazon's quarterly earnings report showed an EPS of $1.68, exceeding analysts' expectations and reflecting a 13.3% year-over-year revenue increase to $167.70 billion.

PTM Wealth Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 51.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,896 shares of the e-commerce giant's stock after buying an additional 1,324 shares during the quarter. Amazon.com comprises approximately 0.6% of PTM Wealth Management LLC's investment portfolio, making the stock its 17th biggest holding. PTM Wealth Management LLC's holdings in Amazon.com were worth $870,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the fourth quarter valued at about $25,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com in the first quarter valued at about $42,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock valued at $58,000 after acquiring an additional 2,145 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMZN. Bank of America increased their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Evercore ISI restated an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Cantor Fitzgerald upped their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Telsey Advisory Group restated an "outperform" rating and set a $265.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $263.30.

Amazon.com Price Performance

Shares of AMZN stock traded up $0.25 on Friday, reaching $231.48. The company's stock had a trading volume of 97,793,456 shares, compared to its average volume of 37,103,036. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock's fifty day simple moving average is $227.81 and its 200-day simple moving average is $209.43.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the transaction, the chief executive officer owned 518,007 shares in the company, valued at approximately $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. 10.80% of the stock is currently owned by insiders.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.